This phase means government take-over of an industry. "nationalize" means the private ownership ends and the industry belongs to the "people" and "they" get the profits if there are any.
the government may nationalize an industry 1-the industry may be sinking or becoming bankrupt 2-the industry may be exploiting consumers rights an need to be repremanded =================== A third reason may be that a nations vital self interest requires the nationalization of various industries.
nationalization
owns it
One disadvantage of nationalization is that it can lead to inefficiencies, as government-run enterprises may lack the competitive pressures that drive innovation and cost-effectiveness in the private sector. Additionally, nationalization can result in bureaucratic management, which may slow decision-making and responsiveness to market demands. Furthermore, it may strain public resources and finances, especially if the nationalized entities operate at a loss. Lastly, nationalization can also lead to political interference, compromising the operational integrity of the businesses involved.
TAX
a government takes over and operates factories
nationalization
A government takes over and operates factories.
Nationalisation refers to the process by which a state takes over the operations of a firm. The word nationalization refers to the process of the government taking control over an industry or company for one of several reasons.
The nationalization of foreign assets in the oil industry in 1938.
Did you mean nationalization? Nationalization is the act of nationalizing, or the state of being nationalized.
Margaret Thatcher was the British Prime Minister who opposed the nationalization of British Industry. She served as Prime Minister from 1979 - 1990.
Government assumation of control of a business or industry in the private sector can be defined as nationalization
nationalization of industry. :) yup.
the government may nationalize an industry 1-the industry may be sinking or becoming bankrupt 2-the industry may be exploiting consumers rights an need to be repremanded =================== A third reason may be that a nations vital self interest requires the nationalization of various industries.
Nationalization
nationalization